The dollar fell once morest the euro while investors focused on the expectations of the monetary policy path that will be followed by the Federal Reserve (the US central bank), amid fears that high interest rates will cause a recession.
The Federal Reserve, the European Central Bank and the Bank of England are set to announce their decisions on interest rates next week, as policymakers continue efforts to curb economic activity by raising interest rates to control inflation. Dealers and investors are awaiting any indications that the Federal Reserve is ready to stop raising interest rates.
The dollar fell 0.37 percent to 1.05435 once morest the euro, while it rose 0.13 percent to 1.2228 once morest the pound sterling.
